Kevin G. Hostetler - Mar 12, 2025 Form 4 Insider Report for Array Technologies, Inc. (ARRY)

Role
Chief Executive Officer, Director
Signature
/s/ Christopher Fox as Attorney-in-Fact
Stock symbol
ARRY
Transactions as of
Mar 12, 2025
Transactions value $
-$139,679
Form type
4
Date filed
3/14/2025, 08:06 PM
Previous filing
Nov 19, 2024
Next filing
Mar 19, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARRY Common Stock, par value $0.001 per share Options Exercise $0 +56.1K +50.05% $0.00 168K Mar 12, 2025 Direct F1
transaction ARRY Common Stock, par value $0.001 per share Tax liability -$140K -23.2K -13.76% $6.03 145K Mar 12, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ARRY Restricted Stock Units Options Exercise $0 -56.1K -9.4% $0.00 541K Mar 12, 2025 Common Stock, par value $0.001 per share 56.1K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's 2020 Long-Term Incentive Plan.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units. The number of shares withheld is based on the closing price of the Issuer's common stock on March 12, 2025.
F3 The restricted stock units vest in three equal annual installments, beginning on the first anniversary of the grant date.
F4 Includes (i) 35,795 unvested restricted stock units granted on April 25, 2022, (ii) 70,299 unvested restricted stock units granted on April 5, 2023, (iii) 112,299 unvested restricted stock units granted on March 12, 2024, in each case previously reported on Table I of Form 4, and 322,834 unvested restricted stock units granted on September 24, 2024 previously not reported on Form 4 until vesting.

Remarks:

Exhibit 24: Power of Attorney